Take Me Back

Why is it important to review your Will?

wills Sep 04, 2019

Your Will is the document that specifies how your estate will be distributed upon your passing. Once it is made, it should be reviewed and updated to account for any major life changes. Many people will create a Will, store it in a safe place, and then forget about it, failing to consider that when it comes time to read the Will, it may not adequately address new or altered relationships and...

Continue Reading...

Should new parents create a will?

child guardian wills Aug 28, 2019

While having a Will ensures that your assets will be distributed according to your wishes when you die, it also ensures that your children will be cared for by someone you trust.

Thinking about who to appoint as the guardian of your children can be difficult and heartbreaking, but it is an important thought to have. By naming a guardian in your Will, you will have peace of mind in knowing that...

Continue Reading...

What are the benefits of having a joint bank account with your spouse?

estate planning Aug 21, 2019

A bank account held jointly by spouses has many benefits – one being convenience. It enables both parties to deposit or withdraw monies in accordance with any guidelines set by the account. The pairing may choose to hold a primary joint account that is used to pay bills with ease, and to hold additional accounts in each of their individual names – and that is fair, but if the intent...

Continue Reading...

What do I do with the family cabin?

Family cabins provide memories of times sitting in the sun, sipping wine or drinking beer, however for some families the cottage goes from being the family castle to being the family haunted house.

Whenever a married couple owns a family cottage their wills should state who gets the cottage after the last of them dies. Many time the couple will want to give the cottage equally to all their...

Continue Reading...

What do you do if you find a body?

demise Aug 07, 2019

Our staff was at the West End Seniors Association Bigger Bolder Better Symposium the beginning of June. We had lots of questions about revising wills and probate but one of the top questions we received was  - WHAT TO DO IF YOU FIND A BODY. I have to say my staff was stumped by this question, and we thought dial 911? Call the funeral home? Call the police? None of these answers...

Continue Reading...

You Can't Give What you Ain't Got

wills Jul 31, 2019

We are constantly discussing the types of gifts people want to leave behind in their wills – and a lot of the time, people try to give away more than they actually have. These clients typically attend our office with a long list of who gets what. Once we examine their assets, determine the value of funds that will flow outside of their estate, and estimate how much tax will need to be...

Continue Reading...

Codicil vs. New Will: What should I do?

codicil wills Jul 24, 2019

Many people contact our office and want to make a small change to their wills. For some clients, it may be that their executor has died, or maybe their child is now old enough to become the executor. Whatever the change and reason for the change, we are often asked if the change should be done by Codicil or a will-re-write.

A codicil is a document separate from the original and apart from the...

Continue Reading...

Does your estate plan need a Henson Trust?

trusts Jul 17, 2019

In January 2019 the Supreme Court of Canada released a decision on the case of S.A. v. Metro Vancouver Housing Corp. 2019 SCC 4. This case is a positive decision for persons with a disability.

The case involved a 56-year-old women (S.with disabilities who couldn't work, and who was denied a housing subsidy in 2015 because she refused to provide the Metro Vancouver Housing...

Continue Reading...

Different Wills for Different Jurisdictions

wills Jul 10, 2019

Our clients are increasingly mobile and often have connections to multiple jurisdictions. They may own a house in Palm Springs, have bank accounts in the UK, a cottage in Croatia, or a business in Spain.

Our office once dealt with and estate where a husband and wife had been married for several years. They had three lovely children, and owned a successful business in Edmonton. When the husband...

Continue Reading...

9 Things to Consider When Selling Your Home (Part 2)

real estate Jul 03, 2019

Purchasing a home is likely to be the largest investment you make in your lifetime – so when you are ready to sell, it is important for you to understand the process of doing so.

In our last blog post, we discussed the first five things to consider when selling your home. Here are the final four considerations:

SIX: Fixtures

On the Purchase and Sale Agreement, the Seller must clearly...

Continue Reading...
Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.